News

Housing prices jumped the most since summer—up 17% year over year to a new high—as a 7% drop in new listings kept homebuyer competition elevated amid rapidly rising mortgage rates. Nearly 3 in 5 homes were snapped up within two weeks, an[...]

 Nine out of 10 Redfin agents say this is the most competitive real estate market they’ve ever seen or close to it, according to a March survey of 326 Redfin agents. Supply is at a record low and buyers are competing fiercely for the homes[...]

Demand for single-family homes surged during the pandemic—but it surged so much that condos are now all some homebuyers can afford. The typical U.S. condo sold for a record $319,000 in February, up 14.6% from a year earlier and 22.7%[...]

Three out of five homes that went under contract during the four week period ending March 6 found a buyer within two weeks, an all-time high, as supply shrank to a new low. Recent home sellers also enjoyed the biggest price premiums ever seen[...]

Cash is king when competing for a home, but a buyer’s odds of winning a bidding war also increase significantly by waiving the financing contingency or conducting a pre-inspection. Prospective homebuyers who offered all cash were[...]